The dollar turned lower after rising significantly last week ahead of what is widely expected to be an interest-rate cut by the Federal Reserve when it announces a decision Wednesday. ING expects any falls to be limited,

The Federal Reserve is set to take a more cautious approach, as inflation remains above its two percent target.

The week ahead is packed with significant data releases, culminating in the Federal Reserve’s highly anticipated interest rate decision. While no immediate policy shift is expected, Chairman Jerome Powell and the Fed will face the challenge of reflecting current economic strength and stubborn inflation in their updated Summary of Economic Projections (SEP).